Friday, September 25, 2020
No menu items!
  • News
  • Bitcoin
  • Cryptocurrency
  • Contact Us
More

    CZ Believes Bitcoin Price Won’t Dip to Zero As Long As His Investment Is Left In BTC

    Must Read

    XRP Ledger Foundation Officially Launched

    According to a latest information, XRP Ledger Foundation has been launched officially. This update was shared via the official Twitter...

    Chainlink (LINK) Now Available To Users in Over 2.2M Hotels and Homes

    In a tweet shared on 23rd September 2020, Travala.com, a crypto-friendly traveling booking service, informed the cryptocurrency community about...

    Ethereum 2.0: User Outlines Why He Would Not Stake ETH at Launch, Danny Ryan Weighs In

    There have been concerns over the risks of staking the digital token ETH on Ethereum 2.0 at launch. In...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    The financial system of the world is in a state of jeopardy. The spread of coronavirus has greatly affected every sector of the economy. Bitcoin (BTC) and other cryptocurrencies are not left out.

    Many have started envisaging the possibility of Bitcoin (BTC) price dipping to zero, which describes the level of damage and fear coronavirus has initiated in the financial world.

    However, the CEO of Binance, CZ (Changpeng Zhao), has reiterated that nothing of such will play out. He resolutely believes that the price of Bitcoin (BTC) won’t dip to zero.

    CZ made this statement moments ago via his Twitter handle. The CEO assured the member of the crypto community that BTC price will never dip to zero as long as his investment is still in the digital asset.

    CZ Binance shared this, “Still worried about BTC going to 0? Don’t! So long as I have a penny left, it won’t happen.”

    Coronavirus’ Damage to Bitcoin (BTC) and Global Financial System

    The spread of coronavirus has caused a lot of havoc in the financial world, which makes the past 2 weeks horrible for Bitcoin and cryptocurrency investors.

    Bitcoin (BTC) was seemingly proving to be a safe haven when the stock market was dipping and the crypto market remained firmly stable, without any sign of correlating with the ugly situation in the conventional markets.

    However, this hope of Bitcoin being a safe haven did not last long. In a very short interval, the price of BTC fell by almost 50% and other digital currencies followed suit.

    In order to aid the economy from crashing, the United States Federal Reserve (FED) made an emergency interest rate cut. This also has little or no positive impact on the already battered economy.

    A few hours ago, the President of the United States Donald Trump attracted tons of criticisms towards himself and his country after using the phrase “Chinese Virus” in one of his recent tweets.

    “The United States will be powerfully supporting those industries, like Airlines and others, that are particularly affected by the Chinese Virus. We will be stronger than ever before!” Donald Trump shared.

    This indicates the level of difficulty of this moment. For this difficult time to disappear, COVID19 has to vanish, so that people can get back to work across the world.

    Whether Bitcoin price will get better in the coming days is still uncertain. At the time of filing this report, BTC is trading at $5,190.20, with a 3.67% price upsurge in the last 24 hours.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    XRP Ledger Foundation Officially Launched

    According to a latest information, XRP Ledger Foundation has been launched officially. This update was shared via the official Twitter...

    Chainlink (LINK) Now Available To Users in Over 2.2M Hotels and Homes

    In a tweet shared on 23rd September 2020, Travala.com, a crypto-friendly traveling booking service, informed the cryptocurrency community about the integration of Chainlink (LINK)...

    Ethereum 2.0: User Outlines Why He Would Not Stake ETH at Launch, Danny Ryan Weighs In

    There have been concerns over the risks of staking the digital token ETH on Ethereum 2.0 at launch. In this regard, a supposed Ethereum...

    New Version of VeChain Thor Released with a Major Improvement

    As a report has it, v1.3.6, the updated version of the popular software in the VeChain ecosystem, VeChain Thor, has been released with a...

    Venture Capitalist Tim Draper Reveals He Holds Bitcoin (BTC), Ripple XRP, Tezos (XTZ)

    Venture capitalist and Bitcoin optimist, Tim Draper, who is the founder of Draper University, has recently revealed his cryptocurrency portfolio, which includes Bitcoin (BTC),...

    More Articles Like This